NEW YORK ( TheStreet) -- Dry-bulk shipping concerns saw their U.S.-listed shares rise sharply again Monday as shipping rates continued to strengthen and a Deutsch Bank analyst raised the firm's rating on several stocks in the sector.Day rates for dry-bulk services extended their recent run northward Monday on the back of Chinese demand for raw materials and worsening congestion at ports in Australia and China, with ships stacked up and waiting to unload or pick up their cargo. One analyst said that 132 capesize ships were at anchorage last week in the world's major ore and coal ports, up from 112 a month earlier, a situation that squeezes supply.
Dry Bulk Winners: Genco, Eagle Bulk
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.